A little rosy in my not so humble opinion, as prices already are in that $315,000 territory, and February doesn't appear to be shaping up to be delivering any increases. The numbers are conceivable I suppose, though I'd be completely stunned to see rents go up, especially when they're even acknowledging the increased vacancy rate. We've already been seeing 10-20% cuts as well as 'free months' and other promotions from the big players in the rental game.

The Edmonton Journal pumped this so-called recovery, front page of the Friday 'Business' section no less. Though I suppose one shouldn't be surprised considering the Homes and New Condos sections posing as legitimate, when they're really just de-facto paid advertisements. Seems all to many of these so called experts are merely those with a vested interest in selling real estate. Sadly we've seen this increasingly across all fronts and media though, legitimate journalism has increasingly taken a back seat to the advertisers

Anyway, for some context here is a look at CMHC's forecast issued this time last year, against how it actually played out.

They did pretty well on the rental front, but were off in a big way on the resale market. Seems they're suffering from the same fallacy as most others in the sector and believing that the run up was the result of an efficient market and not just a bubble caused by easy credit and over-consumption.

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